The coronavirus pandemic has prompted an unprecedented shift to digital across the world – from the rise of remote working to teleconferencing improvements and an emphasis on digital operations – and now, in India, a long-desired switch from currency to cards.
In a speech at the opening of Online Korea Fintech Week Korea’s Financial Services Commission (FSC) chairman Eun Sung-soo outlined the regulator’s plans to peruse digital and big-data based innovation. The plan is designed to support the government’s “New Deal” project to accelerate the adoption of digital technologies across the economy. The regulator plans to […]
Africa’s Standard Bank has urged regulators to amend regulations that restrict digital trade in order to ease the economic impact of Covid-19. Vinod Madhavan, head of trade for Standard Bank Group, highlighted how the current limitations on movement have had a significant impact on trade – and created an opportunity to digitise trade, which traditionally […]
Major economies around the world are increasingly adopting XBRL based digital reporting – is it time for Australia and New Zealand to join them? A new paper from Chartered Accountants of Australia and New Zealand provides a detailed analysis of the need for reform in reporting and the achievements, as well as some of the issues associated with […]
The current pandemic has proven how crucial digitisation is to future-proofing economies, businesses and regulators. A recent article on Money Control looks at the impact India’s lockdown measures will have on shareholder meetings. Timely shareholder meetings are essential for many material aspects of business – and forgoing them could raise the threat of non-compliance. Offering […]
As meetings move online, businesses scramble to offer digital services and the world gets used to working remotely, Australia and Singapore have concluded a sign-of-the-times virtual meeting by signing the Australia-Singapore Digital Economy Agreement (DEA). The DEA is designed to reduce barriers to and increase the benefits of digital trade and the digital economy. It […]
As part of wider digitisation efforts under LEAP (Leading Efficiency through Automated Prowess), the Securities and Exchange Commission of Pakistan (SECP) are launching the county’s first centralised data repository. The repository is aimed at improving transparency, consumer protection and technological advancement in the life insurance sector, and will contain important insurance data electronically. SECP Chairman Aamir […]
The Securities and Exchange Commission of Pakistan (SECP) called their incoming introduction of XBRL reporting a ‘game changer for access to finance and much needed data analytics’ at the recent Registrars Conference. The SECP-organised conference brought Registrars from across Pakistan together to consider ways to improve business trust – with one major strategy being increased […]
The implementation costs for digitising almost any aspect of society are easy to calculate, but what about the productivity benefits? In a speech at Eurofiling Conference 2019 Erkki Liikanen, Chair of the Trustees of the IFRS Foundation, discussed whether digitisation will eventually deliver increased productivity for the global economy. With the economic benefits of globalisation […]
XBRL International’s CEO John Turner was in Amman this week for the Arab Capital Markets Conference, talking to the region’s securities regulators and a host of leaders from the private sector about the challenges and opportunities that digitisation presents.
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